Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $376,657 | 0.34% | F |
| 4BR | $1,630 | $451,200 | 0.36% | F |
U.S. Census Bureau data (2024)
13.9% of the residents in ZIP code 75161 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 housing in ZIP 75161 for fiscal year 2024 is set at $1320, which provides a benchmark for landlords considering participation in the program. Comparatively, the average market rent, as reported by the Census ACS, stands at $862, suggesting that landlords can potentially command higher rents through Section 8 than what the general market offers. However, it's important to note that the median home value in the area is $357,981, which is significantly higher than the median household income of $85,981, pointing to a gap between property values and residents' financial capabilities.
The lack of available data on days on market (DOM) and the low price-cut share of 0.2% indicate that the real estate market in ZIP 75161 is stable, with few properties needing to be discounted to attract buyers. This stability could translate into steady rental income for landlords, especially those participating in Section 8, where the risk of non-payment is mitigated by government subsidies.
To conclude, the Section 8 program presents an opportunity for landlords in ZIP 75161 to secure a consistent rental income of $1320 per month, which exceeds the local market average of $862. Given the median home value and income levels, the program helps bridge the affordability gap for renters while providing a reliable source of income for property owners. Participation in Section 8 remains a viable strategy for landlords looking to stabilize their cash flow and serve a population with demonstrated need for affordable housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.